Bitcoin is a cryptocurrency and file which is stored in a digital wallet or app. Since it's a digital currency so it has no bank or any other source. It can be directly sent from one user to another. Transactions are recorded and saved in a public list which is known as "Blockchain".
This currency is created in 2009 for buying and selling items from companies which accept Bitcoins as payement. It differs from previous traditional currencies in many ways.
Bitcoins were legal in many developed countries such a America , Japan and many others but it is illegal in Pakistan. Since Pakistan is not so much developed in the field of digital currency so bitcoin is no more exist or legal in Pakistan. Most of the companies use bitcoin or accept it as payement such as Wikipedia , Wikimedia etc . . . They accept bitcoins as donations too..
The value of bitcoin is dependent upon the faith of investors. I would rather call it gambling to buy bitcoin but there are many people who bought bitcoins and now are millionaires.
Bitcoins were legal in many developed countries such a America , Japan and many others but it is illegal in Pakistan. Since Pakistan is not so much developed in the field of digital currency so bitcoin is no more exist or legal in Pakistan. Most of the companies use bitcoin or accept it as payement such as Wikipedia , Wikimedia etc . . . They accept bitcoins as donations too..